Premium Brands FY2024 EPS Cut by National Bank Financial

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Investment analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of Premium Brands in a research note issued on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $4.54 per share for the year, down from their previous estimate of $4.83. The consensus estimate for Premium Brands' current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands' Q1 2025 earnings at $0.73 EPS, Q3 2025 earnings at $1.69 EPS and Q4 2025 earnings at $1.53 EPS.

Premium Brands (TSE:PBH - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$1.32 by C($0.04). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. The firm had revenue of C$1.70 billion during the quarter, compared to analysts' expectations of C$1.70 billion.

A number of other research analysts have also issued reports on the stock. National Bankshares upped their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a research note on Thursday. TD Securities raised their target price on Premium Brands from C$125.00 to C$129.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Royal Bank of Canada dropped their price target on Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating on the stock in a research note on Monday, August 12th. Finally, BMO Capital Markets reduced their price objective on Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$113.10.

Premium Brands Stock Up 0.1 %

PBH stock traded up C$0.11 on Friday, hitting C$92.66. 23,372 shares of the company's stock were exchanged, compared to its average volume of 48,655. The firm has a 50 day moving average price of C$91.31 and a two-hundred day moving average price of C$90.60. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. Premium Brands has a 12-month low of C$84.66 and a 12-month high of C$97.28. The stock has a market cap of C$4.12 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Insider Transactions at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Corporate insiders own 2.01% of the company's stock.

Premium Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.40 annualized dividend and a dividend yield of 3.67%. Premium Brands's dividend payout ratio (DPR) is 133.86%.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.